NV5 Expands Long Term Relationship with New Jersey Department of Transportation; Provides Stormwater Assessment and Analysis

PRESS RELEASE GlobeNewswire

Feb. 13, 2018, 08:00 AM

HOLLYWOOD, Fla., Feb. 13, 2018 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq:NVEE) (“NV5” or the “Company”), a provider of professional and technical engineering and consulting solutions, announced today that it has been awarded a contract with the New Jersey Department of Transportation (NJDOT) to provide identification, assessment and analysis of all NJDOT stormwater basins and roadway drainage outfalls within Region North, an area encompassing eight of New Jersey’s most densely populated counties. This project will bring $1 M in additional fees over 2018, adding to approximately $90 M of total NJDOT work contracted with NV5 since 1986.

NV5 Project Manager Frederick Scherrer, PE said, “We look forward to working on this important project and continuing our long standing relationship and reputation with the NJDOT. By locating, assessing and identifying corrective actions for the State’s stormwater management basins and outfalls, NJDOT will satisfy State and Federal mandates and will also possess the documentation necessary to properly maintain these stormwater facilities, thereby protecting downstream water quality resources.”

Dickerson Wright, PE, Chairman and CEO of NV5 said, “NV5’s infrastructure group has been providing multi-disciplinary services to the NJDOT for many years. This project further solidifies our relationship with public infrastructure clients and positions NV5 for pending state and federal infrastructure improvement programs.”

About NJDOT

The New Jersey Department of Transportation (NJDOT) is the agency responsible for maintaining and operating the State’s highway and public road system, planning and developing transportation policy, and assisting with rail, freight and intermodal transportation issues. NJDOT was established in 1966 as the first State transportation agency in the United States and maintains and operates a total of 2,317 centerline miles of roads. For more information on NJDOT visit the Department’s website.

About NV5

NV5 Global, Inc. (NASDAQ:NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure engineering and support services, energy, program management, and environmental solutions. The Company operates out of more than 100 locations nationwide and in Macau, Hong Kong, Malaysia, and the UAE. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.